Intermediate Accounting
Intermediate Accounting
16th Edition
ISBN: 9781119175179
Author: Donald E. Kieso; Jerry J. Weygandt; Terry D. Warfield
Publisher: Wiley Global Education US
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Chapter 2, Problem 4IST
To determine

Financial reporting: A record that formally creates evidence for the money related transactions is termed financial reporting. These reports are prepared by business entities that are commercially active.

To identify: To identify the issue excluded in FASB and IASB.

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Intermediate Accounting

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